Property for sale
Property description & features
- Total Rent Roll approx £186,400.
- Central Location
- Annual Yield 8%
- 15 Units In total
- 7 NEW Build Apartments
- Ideal Investment
- Rents from £2,600 - £20,000
- Apartment Rents £625 pcm
The Arcade is centrally located and consists of 15 retail units with an Annual Rent roll of Approx £144,400 Commercial & £52,500 Residential representing a healthy 8% - 8.5% yield.
Tenants range from multi national companies to small independents retailers. All units are occupied with rents ranging from £2,600 - £20,000 per annum.
Bredwood Arcade comprises of a purpose-built parade of shops being built in the 1960's - there are 7 NEW build apartments above the three main shops at the front of the Arcade. The apartments would achieve £500-£550 pcm.
Potential development opportunity on two existing flat roofs which could accommodate another 5 - 10 apartments. (Outlined in Red) birds eye view. There is also the opportunity to procure the building next door Bredwood Arcade this is two existing retail shops with Full Planning for 1 x 1 Bed apartment and potential for 4 further more apartments. (Draft plans completed)
This would make an excellent bolt on purchase for experienced Retail Investor or Investment company. For more information or to book a viewing please contact the Commercial Sales Team.
Places of interest
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Property reference IMPE_012739. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Imperial Properties - Telford.
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Broadband availability and predicted speed: obtained from Ofcom on January 6, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
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Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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